A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.

Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle, data shows.

In a Twitter series on Aug. 20, popular statistics resource ChartsBTC noted that Bitcoin still has huge room for growth at current levels of $11,700.

Halving multiples give up to $1.6 million BTC price

Comparing lows, highs and halving prices from its two previous halving cycles, ChartsBTC put the difference between peaks at 36x for the 2012 cycle and 17x for the 2016 cycle.

In order to repeat even the more modest cyc ... Read more »

Category: Opinions & Advice | Views: 28 | Added by: boss | Date: 20.08.2020 | Comments (0)

The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s bitcoin mines “suffered a great impact” in H1.

Tokeninsight published its “2020 Q2 Cryptocurrency Mining Industry Report” and the study shows a lot has happened in the bitcoin mining industry during the first half of 2020.

The new research paper discusses a number of topics that affected the bitcoin mining industry this year and the countries that are welcoming these operations. For instance, Tokeni ... Read more »

Category: Analytics | Views: 28 | Added by: boss | Date: 20.08.2020 | Comments (0)